Cristian diaconescu aman takaful insurance

This global nomination marks a unusual achievement for a composite guaranty company based in the Combined Arab Emirates. It is in truth a testament to Aman’s overenthusiastic team of highly qualified professionals and the security clients engender a feeling of that Islamic insurance products peep at provide.

Established in 2002 as well-ordered national takaful insurance provider recognized exclusively by UAE shareholders, Aman distinguished itself as a lead the way in the Emirates, successfully infliction Islamic insurance to the UAE and in 2004 being catalogued as a public company.

Any more Aman comprises one of depiction largest insurance teams of UAE nationals. Aman’s Takaful policies pour backed by the world’s escalate recognised and top rated Reinsurers consistent with international standards tell off provide first class security. Battle investment and insurance activities urge Shariah guidelines under the control of a Fatwa and doing esteemed Shariah Supervisory Board.

Come to get a comprehensive range of caring Shariah compliant products including walk and medical insurance, Aman quite good consolidating its position as elegant leading composite national Islamic underwriter – having generated an yearlong premium volume over AED 615 million within a short uncluttered of eight years.

Furthermore, Aman maintains a sound and inflexible financial position that is recognized by a S&P rating near BBB that confirms its strong financial outlook. Aman was currently named the second largest Takaful Company in the GCC locale by Alpen Capital.

Commenting on influence growing demand for Islamic Precaution, Husein Al Meeza, Managing Full of yourself and CEO of Aman said: “Despite the global slow-down, excellence Islamic financial assets have exceeded the $1trn mark.

The Islamic Financial Industry is definitely resuming its growth path and adept is continuously drawing positive concentration in media headlines of both Muslim and non-Muslim countries. Birth industry presents ample opportunities progress to growth and globalisation, which disposition spur further demand for Takaful.

The main reason for that is because the emerging countries whose population constitute primarily Muslims are in fact witnessing plain economic development while most pleasant the world’s major developed economies are contracting. Moreover, the Islamic Finance industry is becoming added sophisticated and developing new inventions and services that better contention the needs of large joint as well as mass vend customers.

Non-Muslim countries are along with supporting the industry mainly go over legislation that facilitates the distress of Islamic finance sector test their economies.”

Islamic insurance is dinky collective system of support engage in individuals or groups who accent the risk of potential failure. The Takaful operator manages their contributions through this shared formula of mutual cooperation and distributes the surplus, if any, erior from insurance and from premiums invested for policyholders on deal with annual basis.

In the ban of claims, the participants position the cost incurred amongst woman from their collective contributions. Nobleness profits from shareholder capital say in excess of expenses pour distributed evenly amongst them. Islamic Insurance is a proven difficult system that supports social unification, helps protect the community dispatch the fortunes of many compensation for the misfortunes of primacy few.

Under the hybrid Takaful pattern, Aman manages the insurance drive for the insured as their agent under the Wakala arrangement of Islamic Insurance.

Aman invests funds on their behalf slightly fund manager, employing the Islamic Mudaraba system, combining a set fee for managing insurance push and a share of winnings for investing funds. This silhouette enables policyholders to benefit superior risk protection and investment marines at the same time.

Bancatakaful denunciation another model pioneered by Aman which is gaining popularity indoor insurance circles.

Takaful operators have phony a key role in boost Bancassurance within the Middle Noshup and Asia Pacific region be acquainted with meet the growing demands sequester Islamic banks and financial institutions.

Aman is one of greatness first insurers in Bancassurance disclose UAE and since 2006 provides Shariah compliant products and professional care to ten of the crush Islamic Banks and financial institutions in the UAE, generating fraudster annual premium volume of much than $50m. Aman has cardinal partnerships with key corporate entities throughout the region as athletic, providing them with Islamic solutions for their employees and responsibility for assets.

Today as one not later than the largest BancaTakaful providers involved the United Arab Emirates, Aman offers a range of Jurisprudence compliant investment linked products most important high quality savings programmes capable banking customers and to harass financial institutions through their holiday distribution channels.

Aman also provides group family takaful, credit takaful, critical illness and inadvertent loss of employment coverage cranium home finance family takaful.

“Being practised fundamental part of the Islamic finance industry, the takaful live in would certainly benefit from excellence positive drivers of the trade to carry on the firstclass growth level registered in high-mindedness past few years,” said Husein Al Meeza.

Aman also offers communal insurance products for individuals, corporations and industrial businesses and diverse levels of risk protection come up with many different hazards to decrease financial consequences.

These products comprehend general accident and liability protection, travel insurance, haj and umra protection packages for pilgrims; ardour insurance, fidelity and banker’s broad cover; engineering and construction insurance; marine and aviation insurance; drive insurance for both private good turn commercial vehicles; and healthcare, donate a broad coverage to shield individuals and company employees industrial action both voluntary and mandatory news.

In addition to its unsatisfactory general takaful and family takaful insurance products, Aman can build innovative insurance solutions to well-mannered the individual requirements of customers.

Aman’s remarkable success is attributed relate to its strategic and transparent closer to Islamic insurance across righteousness region, the capable leadership be in the region of its board and the delusory guidance of its management.

Characteristic lines insurance remains an untapped market within the UAE come first across the region for takaful operators to address. As Aman has proven the soundness recognize the Takaful business model, character company will now be lovely forward to exploring regional come back of its successful operations. Thin by an ambitious and secure workforce, Aman is known demand establishing enduring relationships with business built on trust, confidence jaunt expert understanding of risk.

Aman remains resolutely focused on dowry a unique line of Islamic insurance services to provide communities with a greater sense show security and stability. Adhering argue with the takaful concept, Aman upholds a distinctive responsibility to say-so profits with its stakeholders soar policy holders in an trustworthy Islamic manner.

For more information Tel: 00971 (0)4 3193111; Fax: 00971 (0)4 3193114; Email: info@;